Diamond Ventures has sold 76 lots to Richmond American Homes. With this final sale Diamond Ventures has completed the sale of it’s remaining inventory in Mountain Vail, a 502 lot community in Vail with Lennar, KB Home and Richmond American.
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International mining tech firm Hexagon to expand, relocate HQ to downtown Tucson
An international mining tech firm that last year was planning to leave Tucson, announced Wednesday that it is expanding its presence here and relocating downtown.
Hexagon Mining, on East Fort Lowell Road, near North Palo Verde Avenue, has chosen City Park for its new North American headquarters and plans to add 120 employees over the next five years.
City Park, at 40 E. Congress, is under development by Bourn Cos., and Hexagon will lease 26,000 square feet on the third and fourth floor.
The company’s workforce in Tucson is currently 140. New positions will range from executive management, engineers, and research and development to human resources, marketing and administrative support.
“It was a long process and we had to consider other places, not only in the U.S.,” Hexagon President Hélio Samora told the Star.
At a meeting of the Arizona Tech Council, Hexagon officials casually mentioned last year that the company would likely leave Tucson.
“We couldn’t find good office space and we had a good offer in Denver,” Samora said.
A flurry of activity ensued and soon, Hexagon was sitting with officials from the city, county, Sun Corridor Inc. and Bourn Cos.
“Their proposal allowed us to stay,” Samora said. “As a technology company, this will help us reinforce our image.”
He said the company plans to host training and sales presentations at its new space downtown to showcase Tucson.
Joe Snell, president and CEO of Sun Corridor Inc., said Hexagon’s business is an important part of a puzzle emerging locally.
“This was really exciting for me,” he said. “One of the things it screams to the world is that we’re a 21st-century mining cluster.”
Hexagon is an OEM-independent technology consulting company that provides mines with fleet and production optimization and safety technology.
There have been several job-related announcements in the past two years that have put Tucson in the national spotlight, Snell said.
“We planted some competitive seeds five years ago and we’re now bearing fruit,” he said. “There is a multiplying effect when companies see other companies moving into our market.
“We’re getting a reputation as an aggressive community.”
Upgraded office space downtown is also getting attention from companies that did not view Tucson as a place with modern urban workspace.
“This is huge for downtown Tucson: an international employer adding to the base of businesses who have established a presence in our urban core,” said Fletcher McCusker, chairman of the Rio Nuevo District.
Don Bourn, president of Bourn Cos., was thrilled the company chose his project.
“This will be a great catalyst for, not only our project, but also the continuing resurgence of downtown,” he said.
The City Park development, which was recently unveiled, will have retail and restaurant vendors in dedicated kiosks with shared seating on the first floor of the five-story building on East Congress Street between Scott and Stone avenues.
On the second floor, Bourn wants to have a bowling alley and event room for rent.
The third and fourth floors would provide office space and the fifth floor a space for flexible uses and a rooftop patio.
Applications for existing and upcoming positions with Hexagon are already being accepted at its current location, 3544 E. Fort Lowell Road, or by visiting hexagonmining.com/about-us/careers
The transition to downtown is expected to occur in the summer of 2018.
Two more projects prove downtown Tucson is thriving
March 14th 2017
Rio Nuevo approves $43M for new Caterpillar regional HQ in Tucson
By Joe Ferguson Arizona Daily Star Jan 28, 2017
The Rio Nuevo Multipurpose Facilities District Board has approved a $43 million deal to build a new, permanent regional headquarters for Caterpillar Inc. west of downtown Tucson with plans to lease it back to the company.
The expenditure, approved last week, is a key part in a complex plan involving Rio Nuevo, the city of Tucson, Pima County and the state of Arizona to cement a $2 billion investment from the world’s leading manufacturer of construction and mining equipment.
The board also approved a general contractor for the construction project as well as firms to design the building.
Moving the company’s Surface, Mining & Technology Division to Tucson will bring more than 600 executive jobs during the next five years, according to plans previously announced.
The project, on a former landfill west of Interstate 10 that was to be the site of the long-abandoned Rio Nuevo science center project, is expected to be completed by March 2019. Caterpillar is temporarily housed in a county-owned building at 97 E. Congress St. while the new headquarters is built.
In total, Rio Nuevo has voted to spend $52 million to bring Caterpillar to Tucson.
Rio Nuevo has donated the land and site preparation and will lease the 150,000-square-foot building to the company at a reduced rate, said Rio Nuevo Chairman Fletcher McCusker.
The taxing district is exempt from the gift-clause issues that have hindered incentives from other jurisdictions, he said.
Pima County’s recent deal with the World View space balloon company has brought a lawsuit from the Goldwater Institute alleging violations of the gift-clause provisions in the Arizona Constitution.
With plans to secure funding through direct bank financing or by issuing bonds, building the headquarters will not use state funds and will be financed entirely by the private sector, McCusker said.
“Caterpillar would not be coming to Tucson except for these incentives,” he said, noting there has been renewed interest from other companies that might want to come here.
“Since announcing Caterpillar’s relocation, several other companies are now looking at Tucson as a possible corporate hub,” he said.
Commitments from the Arizona Commerce Authority, the city of Tucson and Pima County make the incentive package one of the largest in recent state history.
The Rio Nuevo board also selected Tucson-based Sundt Construction as the project’s general contractor, as well as SmithGroupJJR to design the building. The latter has partnered with Tucson-based WSM Architects because of its long history in the Tucson market.
Most notably, WSM has designed the Tucson Fire Central Headquarters, Tucson Police Department Forensic Crime Lab and the Sundt Tucson headquarters.
“We had a great response to our request for proposals,” said McCusker.
“The iconic Caterpillar project deserves the best team, and that’s what we have. We are especially happy to work with Arizona firms.”
